Italy: Inflation comes in at the highest level since January 2013 in August
Consumer prices rose 0.48% in August over the previous month, matching July’s reading. Looking at the details of the release, prices for food and non-alcoholic beverages rose in August. Meanwhile, transportation, and recreation and culture prices accelerated.
Inflation came in at 2.1% in August, which was up from July’s 1.9%. August’s result represented the highest inflation rate since January 2013. Annual average inflation ticked up to 0.7% in August (July: 0.5%). Lastly, harmonized inflation rose to 2.6% in August, from the previous month’s 1.0%.